Best Cash Back Credit Cards for 2018

This content is not provided or commissioned by the issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer's Affiliate Program.

Cash or points? It’s a tough decision when going in for a rewards credit card, but there’s no denying that cash back credit cards are hard to pass up, since they give back a percentage of your eligible purchases in real dollars.

Think about what you could do with the amount of cash back you receive, like invest it into a high-interest savings account, pay down debt, build an emergency fund, or use it towards another purchase.

Your options to redeem rewards are many, and so are the types of cash back credit cards on the market. You’ll typically find cash back rates of anywhere from 1% to 5%, based on the particular card. Depending on the card you choose the available cash back credit cards may also offer a bonus for qualifying new Cardmembers, or an introductory Annual Percentage Rate (APR) offer along with the various terms and conditions to consider for each card. Then, too, it would be helpful to know which cards are suggested for certain credit scores, and what your score is before applying.  Keep in mind that credit scores are just one factor that credit card issuers use to assess your eligibility for a credit card. Just because your credit score is in a particular range does not guarantee you will be approved for a credit card. Credit card issuers use a variety of different types of credit scores and other criteria to make credit decisions.

Which card is right for you? Keep reading for our picks on the best cash back rewards credit cards and you may see one that closely matches your spending habits and that is a fit for you.

What credit score is needed for a cash back credit card?

An excellent credit score (720 and above on the FICO® Credit Score chart) may help to increase your chances for approval for the best rewards card at the lowest interest rates. Consumers with good credit scores (640-719) also have a chance at obtaining the cash back card they want, since positive credit behavior may indicate a better score to come.

This is good news for Credit Sesame members looking to open a new cash back card, since nearly half of our members have credit scores in the good to excellent range. This is a chart that shows the average credit scores, taken from a subset of Credit Sesame’s 7 million members collected October 2015.

Chart7

Chase Freedom® review

Annual Fee: $0

The Chase Freedom® credit card’s changing bonus categories renews each quarter, making it a good choice for earning cash back in specific spending categories at certain times of the year.

Chase Freedom® highlights we want to feature:

  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter. Unlimited 1% cash back on all other purchases.
  • No annual fee
  • New Cardmembers who qualify earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening

The Chase Freedom® card can benefit Cardmembers who tend to spend regularly in the card’s bonus categories. But those bonus categories change quarterly, so you won’t receive the highest rewards on every category all year round.

This card has a foreign transaction fee of 3% of each transaction in U.S. dollars. There’s no annual fee for this card.

Terms apply.

[Further Review: Chase Freedom® Review]

Discover it® Cash Back review

Annual Fee: $0

There are a few features that, in our opinion, make the Discover it® Cash Back card the “it” piece of plastic in your wallet. With Discover it® Cash Back earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate. Plus, automatically earn unlimited 1% cash back on all other purchases.

We think one of the nicest perks on this card is an intro offer where Discover will match all the cash back you’ve earned at the end of your first year, automatically, for new cardmembers only. There’s no signing up and no limit to how much is matched.

Discover it® Cash Back highlights we want to feature:

  • No annual fee
  • No foreign transaction fees
  • You earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate
  • Plus, earn unlimited 1% cash back on all other purchases, automatically
  • There is an intro offer: Discover will match all the cash back you’ve earned at the end of your first year, automatically – for new cardmembers only. There’s no signing up and no limit to how much is matched.

The Discover it® Cash Back card has $0 annual fee, which is also a plus.

Terms apply.

[Further Review: Discover it® Cash Back Credit Card Review]

Walmart® Credit Card review

Annual Fee: $0

The Walmart® Credit Card is indispensable if you’re a frequent visitor to the discount retailer’s online and brick-and-mortar stores. Use the card to save on eligible purchases: Save 3% back on Walmart.com purchases (includes Walmart Grocery Pickup purchases); 2% for gas purchases at Walmart fuel stations and Murphy USA gas stations; and 1% at Walmart and on all other purchases wherever the Walmart® Credit Card or the Walmart® Mastercard® is accepted. The savings are paid as a statement credit.

You can choose between the Walmart® store credit card or the Walmart® Mastercard® to enjoy the benefits of the 3-2-1 cash back rewards program.

There is a limited time offer where new cardholders who open a Walmart Credit Card can save $35 when you spend at least $75 on your first qualifying purchase made the same day the account is opened, subject to credit approval. This offer cannot be combined with any other offer, and purchases are not eligible for cash back rewards. The savings are paid as a statement credit. The account opening offer may vary by store or online.

Terms and conditions apply.

Walmart® cash back credit card highlights we want to feature:

  • Save 3% on Walmart.com purchases, 2% on Murphy USA and Walmart® gas, and 1% on purchases at Walmart and wherever the card is accepted. Savings are paid as a statement credit.
  • No rewards expiration as long as your account in good standing

The Walmart® Credit Card may interest those who frequently shop at the discount retailer’s stores and who are looking to save on Walmart purchases.

Terms apply.

Capital One® Quicksilver® Cash Rewards Credit Card review

Capital One® Quicksilver® Cash Rewards Credit CardAnnual Fee: $0

The Capital One® Quicksilver® Cash Rewards Credit Card offers a simple straightforward cash back program. It does not have an annual fee, pays a straight unlimited 1.5% cash back on every purchase. There are no rotating categories or sign ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn.

The Capital One® Quicksilver® Cash Rewards Credit Card offers a one-time cash bonus of $150 after you spend $500 on purchases with your card within 3 months from account opening. It’s a good simple card, with no hassle or sign-ups needed.

There is no annual fee.

The Capital One® Quicksilver® Cash Rewards Credit Card may be a good choice for people who want a cash back rewards program with no rotating categories or sign ups needed to earn cash rewards and no annual fee.

Terms apply.

Citizens Bank Cash Back Plus® World Mastercard® review

Annual Fee: $0

The Citizens Bank Cash Back Plus® World Mastercard® credit card has no annual fee and no foreign transaction fees.

Earn unlimited 1.8% cash back on every eligible purchase with no rotating categories or sign-ups. There’s no limit to the rewards you can earn and points won’t expire as long as your account is in good standing and you make an eligible purchase once every 12 months.

Terms apply.

Best cash back cards

If you sign up for one or more cards, consider one of these for the rewards they offer that can translate to cash in your pocket. Examine your typical spending first, and choose the card that offers the greatest reward for the purchases you are already likely to make. Here are a few other tips you may find helpful when considering a card. If the card has an annual fee consider if it makes sense to own the card, meaning do the features and perks of the card even out or outweigh the cost of the annual fee. If you tend to carry a balance pay attention to the Annual Percentage Rates (APR’s).

Once you decide on a card be sure to manage your account responsibly such as making sure to make all your payments are received on-time. Stay within your means, don’t use the card as a reason to spend more just to earn rewards. Use your cash back refund wisely, invest it into a high-interest deposit account, pay off debt or use it towards future purchases that, with card in hand, earn you more cash back with smart use.

If you’re interested in cash back credit cards you can learn more and view credit card offers from our partners – click here.


Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which this site may receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Credit Sesame is an independent comparison service provider. Reasonable efforts have been made to maintain accurate information throughout our website, mobile apps, and communication methods; however, all information is presented without warranty or guarantee. The editorial content on this page (including, but not limited to, Pros and Cons) is not provided by any credit card issuer. Any opinions, analysis, reviews, or recommendations expressed here are author’s alone, not those of any credit card issuer, and have not been reviewed, approved or otherwise endorsed by any credit card issuer. All images and trademarks are the property of their respective owners.

Disclaimer: All the information about the Walmart® store credit card, Walmart® Mastercard® and the Citizens Bank Cash Back Plus® World Mastercard® credit card has been collected independently by CreditSesame.com and has not been reviewed or provided by the issuers of the cards. The Walmart® store credit card, Walmart® Mastercard® and the Citizens Bank Cash Back Plus® World Mastercard® credit cards are not available through CreditSesame.com.

See the online provider’s application for details about terms and conditions. Offers are subject to change and the terms displayed may not be available to all consumers. Please visit the provider’s site for current information and verify all terms and conditions of any offer prior to applying.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

Disclaimer: The article and information provided here is for informational purposes only and is not intended as a substitute for professional advice.

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved.
Published July 7, 2016
Related Links

Leave Your Reply

Submitting comment...